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InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
Get assistance from experts with a decade of experience in assisting international business owners expanding into Indonesia.
Avoid any bureaucratic complexity when closing your company by engaging with our experienced legal advisors.
What type of legal entities should you choose to register a company in Indonesia? We can assist you in choosing which is the best one to grow your business.
To help businesses survive during this unfortunate time, InCorp provides corporate recovery in Indonesia and insolvency services.
Granting an environmental permit in Indonesia needs an Environmental Impact Analysis (AMDAL) in advance.
Obtaining property & land ownership in Indonesia offers some challenges for foreigners. However, buying property in Indonesia is attainable with specific resources and documents.
Recent regulatory changes have a knock-on effect on Indonesia's Merger & Acquisition landscape. Check on how we can navigate you through your M&A in Indonesia.
InCorp provides Virtual Office services Indonesia in various locations: Jakarta, Bali, Semarang, Surabaya, and Batam.
Business process outsourcing in Indonesia is a viable option to streamline bureaucratic complexities that hurdle your business expansion objectives.
InCorp offers a complete range of accounting service Indonesia, from tax reporting to auditing.
With professional financial audit services from InCorp, you can ensure all accounting activities are accurately recorded and compliant with Indonesian regulations.
Using an Employer of Record service to set your roots in Indonesia opens the doors to new opportunities in the country.
Financial and Operational Resilience services from InCorp are developed to support businesses and help them survive during this difficult time.
Payroll services in Indonesia are a practical solution to avoid unnecessary complexities while you focus on growing your business.
Using a recruitment agency in Indonesia will help you hire the best candidates for your company, saving you time and money.
Tax consulting in Indonesia are the shortcuts to fulfill the administrative obligations with high accuracy and in a timely manner.
The Indonesian government promotes tax holidays as one of the fiscal incentives to attract major foreign direct investment in Indonesia.
Operating businesses in Indonesia, entrepreneurs must comply with the regulations accordingly, especially concerning taxes.
Immigration in Indonesia is one of the strictest and most complex processes due to its ever-changing regulations. InCorp provides a seamless experience in obtaining your stay and work permits.
Avoid any hassles by engaging with an experienced visa agent in Indonesia.
A dependent visa Indonesia is a document that allows foreigners to bring their family while settling down in the country.
Investor KITAS Indonesia is a stay permit that offers many benefits to investors that invest in the country.
Overseas Visas are required for Indonesians who are planning to stay abroad for an extended period of time.
KITAP is a permanent stay visa for foreigners who have intentions to stay in Indonesia.
Foreign retirees often find their plans stuck due to the complex visa application process. InCorp helps expedite the process.
Obtaining a social visa is daunting if you are not familiar with the country’s complex bureaucratic processes. Consult with us for a seamless Indonesian visa application experience.
Foreigners married to an Indonesian citizen are eligible for a spouse-sponsored KITAS.
Learn how to obtain an Indonesian tourist visa seamlessly and securely, directly from a trusted visa and travel agent.
Get assistance from a trusted visa agent in Indonesia to make your traveling plan to Indonesia even more convenient.
Expedite your Indonesian work permit application process by engaging with a trusted visa agent.
All imported goods must obtain permission granted by specific governing bodies prior to entering the local market.
Learn more about the cosmetic product registration services in Indonesia.
Learn more about exporting goods to Indonesia.
Learn more about the food & beverage product registration services in Indonesia
Learn how to go through halal certification in Indonesia directly from experts successfully.
Learn more about the health supplement product registration services in Indonesia.
Learn more about the household product registration services in Indonesia.
Learn more about importing goods from Indonesia
An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner.
Learn more about the medical device registration services in Indonesia.
Register a trademark is necessary to avoid legal issues in the future. InCorp can help you with Trademark Registration services in Indonesia.
Compliance is one of the most challenging parts of business overseas, especially in a country packed with complex bureaucratic processes such as Indonesia.
Updating business documents to align with your company’s growth can be a hassle.
Due Diligence services are needed to assess the credibility of the company or partner you wish to work with or acquire in Indonesia
From Company Regulations to Employment Agreement Drafting, Employment law services from InCorp will help you to compliance with employment policy in Indonesia.
InCorp’s legal consultation services in Indonesia are crafted to help your business settle and fully comply with the latest regulations.
Organizations must continuously evolve and transform to remain competitive and relevant in todays global environment ...
Companies face many opportunities and challenges as a result of a changing market and regulatory landscape ...
Adopting Environmental, Social, and Corporate Governance (ESG) practices can improve your company’s value ...
Risk Management services from InCorp Indonesia can assist companies in building confidence when making future business decisions ...
Transfer Pricing in Indonesia occurs when a company performs an internal transaction within the same business group or its subsidiaries
InCorp's transfer pricing advisory services in Indonesia are marked by the objective to support our clients' business needs.
Our transfer pricing services provide you with a hassle-free experience while still complying with the legal aspects of transfer pricing in Indonesia.
As the market-entry consulting firm in Indonesia, InCorp provides a wide range of customized solutions to ease the business incorporation process.
Both natural and legal persons are entitled to open a bank account in Indonesia. Find out how to open a bank account in Indonesia, here.
InCorp can help you find a trusted Buying Agent Indonesia for product sourcing in Indonesia. Contact us now for a free consultation.
InCorp can help foreigners to get the driving license in Indonesia, whether SIM A or SIM C. Check out the requirements and the procedure, here.
IMEI Registration in Indonesia is necessary to ensure telecommunication devices from abroad can function properly in Indonesia.
With offices in Jakarta, Bali, Semarang, SUrabaya, and Batam, InCorp is ready to assist you as a local partner and distributor in Indonesia.
InCorp can help you to select the trusted local partners to import and distribute your products in Indonesia.
Improve your business by knowing the market conditions in Indonesia through market research services in Indonesia.
InCorp can help you gain information about your competitor's product through mystery shopping.
Constant changes and ever-increasing complexity to the tax system as well as technology adoption in Vietnam result in challenges for the modern accounting and tax compliance when doing business in Vietnam.
Due to these challenges, many companies in Vietnam are now rethinking their approach to local and even international compliance. They aim to resolve the challenges by taking a closer look at their accounting and tax reporting service providers, technology, and other resources.
This article elaborates the top challenges of accounting and tax compliance in Vietnam nowadays and how you can tackle them to run a smooth business in Vietnam.
Compared to many countries in the world, the compliance across taxes, statutory accounting and tax reporting of a company in Vietnam has become more and more time-consuming and complicated. This is particularly due to the constantly changing requirements, such as reporting that is required on a monthly, quarterly, half-yearly and annual basis.
The obligations of tax and accounting compliance are specific to each enterprise. That’s why it becomes a challenge when a unique written compliance framework is required for each business.
However, many enterprises do not really follow this time-consuming process, making them not entirely fulfilling the compliance. The results of non-compliance from these companies are penalties issued by the Vietnamese government.
Many business owners may know that Vietnam has a very strong business culture across all types of workplace. For example, cherishing harmony over disagreement, taking the time to foster relationships before business, and going through several meetings before finally coming up with a decision.
As a result, ineffective communications may happen, such as forgoing compliance obligations and errors in self-reporting. Employees may choose not to communicate with their management about their mistakes because of the pear of being reprimanded or because they want to save face. Therefore, transparency in a workplace will be able to overcome this challenge significantly.
Companies in Vietnam often do their tax and accounting works through self-review. In other words, once the person in charge has done all the necessary tax and accounting compliance work, there’s no further review and validation from another qualified person or professional.
This is particularly common in many small enterprises and poses one of the biggest challenges to them in relation with compliance. For larger companies, they usually put too much trust or responsibility on one single person and that’s why mistakes happen. Thus, having different levels of review for tax and accounting work in an organisation is critical to identify errors and rectify them immediately.
Related article: Your Comprehensive Guide to Tax Incentives in Vietnam
Let’s face it, the accounting, tax and compliance in Vietnam is not cheap. Therefore, if you have a small business in Vietnam, you would have to pay unproportionally compared to large businesses. The lack of feasibility brings more challenges to small companies, especially to foreign business owners.
In addition to that, you will need to take into account other general resources costs such as hiring and recruitment, training, and costs of corrective activities.
Vietnamese Accounting Standards (VAS) is required for businesses in Vietnam as their fundamental accounting system. VAS is not very flexible when it comes to documentation process and reporting formats.
Furthermore, accounting software used for Vietnamese businesses must comply with VAS guidelines with the approval of VAS. These limitations have caused the difficulty of using international accounting software in Vietnam.
Without the implementation of international accounting software, most Vietnamese accountants lack the knowledge of international accounting. As a result, this has brought many challenges to foreign investors as their businesses are operated globally.
You might also want to read Annual Tax Return in Vietnam in 2019
Cekindo encourages all foreign investors, especially when you’re new to the Vietnamese complex tax system, to seek professional tax and accounting assistance.
Not only will you save time and unnecessary costs, but you will also ensure your tax and accounting compliance for a more successful market entry and business in Vietnam. Talk to us now for more information by filling in the form below.